Green Mountain Electric Supply Looking at Saratoga for New York Headquarters

SARATOGA SPRINGS — Green Mountain Electric Supply is looking to purchase a building in the W.J. Grande Industrial Park to serve as its New York headquarters, according to an application filed with the Saratoga County Industrial Development Agency.

The company is seeking to acquire 10 Skyward Drive, which is currently home to SKS Bottle and Packaging, to serve as its headquarters for the company’s New York management and finance team, and a warehouse for electrical materials and supplies, according to a submitted project description. The building is 143,000 square feet, the documents state.

Green Mountain Electric Supply is a “wholesale supplier of electrical supplies” and has 16 branch locations and two distribution locations in New York, the documents state. Based in Colchester, Vermont, they currently have Capital Region locations in Albany and Queensbury, according to their website.

Green Mountain is seeking tax exemptions from SCIDA for sales, real property, and mortgage recording taxes. Over a five-year span, the company would receive an estimated $91,000 sales tax exemption, an estimated $105,000 mortgage recording tax exemption, and an estimated $1,366,408 real property tax exemption, according to the documents.

The company is being represented by Jeremy H. Speich of Harris Beach PLLC in Albany. Green Mountain would pay $14 million to acquire the building, and approximately $18.2 million in total, the documents state. 

At their meeting on July 11, the industrial development agency voted unanimously to move the application to a public hearing.